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0 sats \ 12 replies \ @fourrules OP 9h \ parent \ on: The wealth tax nobody talks about is inheritance / gift tax econ
This has nothing to do with my post, it's a personal anecdote.
All the millenials will need to know is how to spend non-KYC bitcoin. Uncles can leave instructions. Sirvival of the fittests, not the laziest.
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Yeah ok, but what has that got to do with the post?
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Non-KYC bitcoin left to nieces and nephews, or to any relatives really, is a better way to avoid inheritance tax compared to what you propose: leave your wealth to unrelated families. Or you are saying everybody will be dying completely alone soon? Rather, I am more eager to believe in longevity escape velocity or transhumanism, than this. For uploaded minds or brains in the jars storing wealth in bitcoin makes even more sense. Why do you limit your options to existing fiat system, that is dying?
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I'm not describing a way to avoid inheritance tax.
States are bankrupt, there is no way that inheritance tax is going away. I'm not going to discuss transhumanism and all of that shit. I'm working off premises that are not delusional.
Ok, now thinking from solid ground again, there is a demographic collapse that is going to hit us like a freight train, in fact it is arguable that so many of our problems are causes by a demographic doom loop, that's why states are debasing as much as they are, which itself is compounding the doom loop.
This is also creating pressure for wealth taxes.
So what if you could redirect that political energy and pressure towards wealth taxes to solve the demographic crisis?
If we don't do that then yes, many many people will be dying alone. In Japan geriatric suicide is an epidemic. In this recognition the West is preparing by introducing euthanasia, rather than solving the problem.
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I think you are mixing two unrelated issues. Giving away your inheritance to other people's children won't suddenly make you surrounded by love. You will still die alone and unhappy. Better to just spend that wealth on hookers and drugs, or a sexy nun, or whatever makes you happy. I did not look at stats, but I think suicides are more skewed towards poor.
How is redirecting wealth taxes solves demographics crisis? Affluent people choose to not have children because there won't be jobs and happy life for them. Bringing more children to be hungry in ever more competitive world is evil. Poor do selfishly procreate as a pension plan. Skinning wealthy to feed poor always ends in gulag, because rich are rich because they are smarter. They will always escape socialist redistribution. That's how bitcoin is relevant in this discussion.
Demographic collapse is not the cause of the world's economic woes. Not a problem that can be solved. It is the effect of technological progress, of our success as human civilization. Machines are invariably getting better and cheaper than meat workers. Shrinking human population goes hand in hand with shrinking profit margins, whether we like it or not. Darwinian evolution.
In Japan, Korea and other Buddhist countries taking own life is not a sin. I share belief that the whole universe is one evolving entity, with individual plants/animals/people but cells in that organism. We will die off and get replaced by more efficient (inorganic) cells to get the evolution going. In your small econ box you will probably call all this delusional shit, or off topic, but that's ok.
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I don't think your views represent a sensible centre ground that most people would hold. Your views are very fringe, nihilistic, disturbed, not to mention poorly supported, and therefore not relevant to the discussion.
I wish you well, I hope you find some solid ground.
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The sad truth is you are trying to save the ponzi scheme from collapsing by forcing the investors to make more babies.
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The sad truth is that you have no concept of what "collapsing" means in this context, as though bitcoin is a magic defense against societal collapse.
Thanks, good luck to you too.
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